- Goldman Sachs CEO David Solomon announced that the company is going to integrate its Marquee app on Amazon Web Services next year
Goldman Sachs is planning to integrate its Marquee app on Amazon Web Services next year, according to Reuters. This announcement was made by Goldman Sachs chairman and CEO David M. Solomon earlier this week at the annual AWS:reInvent conference.
The Marquee platform is a group of tools that enables developers to tap into Goldman Sachs data, including pricing feeds, analytics, and trading tools. At the event, Solomon touted the benefits of the Marquee platform being on AWS to the attendees. And with Marquee, Goldman Sachs can offer a set of APIs for customers to tap into financial services.
“Historically financial technology has been powerful and fast but it has lagged behind consumer and high tech in terms of elegance and simplicity,” said Solomon at the event via Reuters. “It doesn’t have to be this way. We can do better but we’re not there yet.”
Solomon said that Goldman Sachs wants to be the first choice for providing services that enable developers to offer financial functionality directly in apps and workflows.
As of October, Goldman Sachs had announced that Marquee was handling around 1 million requests per day and had 50,000 monthly active users.
In October, Goldman Sachs hired Marco Argenti as a co-chief information officer. Before that, he was a vice president at Amazon Web Services.
Earlier this year, Goldman Sachs built the credit card platform used by the Apple Card. The Apple Card was developed in a partnership between Goldman Sachs, Apple, Mastercard, and AWS.
Goldman Sachs does not have an exclusive deal with AWS. But AWS is the first public cloud that Goldman Sachs partnered with. And Solomon said that the goal for Goldman Sachs is to lead the way in building financial services technology and that it will succeed by doing the work it continues to do with Amazon Web Services.
